NHAI To Soon Invite Bids To Operate Highways Under New Model

NHAI To Soon Invite Bids To Operate Highways Under New Model

India’s government-run road builder will soon invite bids for long-term leases to manage a dozen stretches of national highways as it eyes foreign institutional investors for funds to improve the country’s road network.

The National Highways Authority of India is expected to initiate the bidding process in May for 10-15 operational highways of the 75 selected under the new Toll-Operate-Transfer (TOT) model, a senior NHAI official told BloombergQuint on the condition of anonymity. The model offers 30-year contracts to operate and maintain highways on a one-time upfront payment.

GVK Power and Infrastructure Ltd. will consider bidding in the auction, said the company which built airports in Mumbai and Hyderabad and operates the Jaipur-Kishangarh highway in Rajasthan. Read More…

 

Credit By : Bloomberquint.com

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